Mexico becomes the first Latin country to join the IEA
Mexico has become the 30th member of the International Energy Agency, welcoming its first Latin American member as part of an open-doors policy aimed at strengthening the ties between the IEA and emerging economies.
The policy itself is part of a strategy to modernise the authority through closer engagement with the emerging economies as well as key energy industry players in regions such as Latin America, Asia, and Africa "towards a secure, sustainable and affordable energy future.
The strategy also aims to expand the reach of the IEA since the share of its members' production in global energy supply had shrunk to 40 percent in 2015.
Now, after the addition of Mexico, this share has gone up to 70 per cent.
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